THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 3

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A sample of 8 households was asked about their monthly income (x) and the number of hours they spend connected to the internet each month (y) .The data yield the following statistics:
,
,
,
,
-Compute the standard error of the slope of the regression line of hours on income.

• A)0.256
• B)0.234
• C)0.211
• D)0.269

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Definitions:

The Me

A concept in sociology introduced by George Herbert Mead, referring to the social self or how individuals perceive themselves based on societal expectations.

Relations of Production

The relationships that exist in economic systems between those who own the means of production and those who sell their labor.

Capitalist System

An economic system where trade, industries, and the means of production are largely or entirely privately owned and operated for profit.

Exploitation

The difference between what workers are paid and the wealth they create for the owner.